Rate hikes don't change the bullish thesis! Goldman Sachs: Short-term rally expected to slow, but maintains year-end 2027 forecast of $5,400

Zhito Finance APP has learned that the textbook response to Fed rate hikes is simple: bond yields rise, the dollar strengthens, and gold, which pays no interest to its holders, becomes relatively less attractive by comparison. That is exactly what has just happened, but one of Wall Street's largest banks is telling clients: don't give up on this trade just yet. Goldman Sachs has spent more than a year defending its bullish gold view through rate cuts, rate hikes, and everything in between. Its latest report shows the bank still believes the metal has considerable upside aheadeven as the Fed is now directly working against it.